Director dealings: National Express board invests, British Land CFO makes £0.1m sale

(Sharecast News) - British Land was on the list of director sells on Friday, after its chief financial officer sold more than £0.1m to cover his bills after he vested a number of performance shares. The company said Bhavesh Mistry vested 44,273 shares granted in July 2021 under its long-term incentive plan.

Those shares were granted to replace pre-existing awards from a previous employer, which Mistry forfeited to join British Land.

He sold 30,851 of those shares on 31 May, the firm disclosed, in a single transaction on the London Stock Exchange.

Mistry got 342.54p for each share, valuing the sale at £105,677.02.

"Bhavesh sold 20,851 shares to settle tax and national insurance and associated dealing fees arising on the vesting and retained the balance of 23,422 shares which he must continue to hold for at least two years in accordance with the terms of the grant," British Land confirmed in its filing.

On the selling side of things was passenger transport operator National Express, which disclosed share purchases made by four of its board and management team.

The company said non-executive chair Helen Weir picked up 45,000 shares at 106.8p each for £48,060.00, while group chief executive officer Ignacio Garat bought 18,484 shares for 108.2p apiece, for a total of £19,967.23.

Group chief financial officer James Stamp added 37,241 shares to his holding at a price of 106.8p, for £39,773.39, and group general counsel and company secretary Simon Callander purchased 37,653 shares at 105.7p apiece, for a total of £39,799.22.

National Express said the share purchases were made in London on 31 May and 1 June.

Following the transactions, Weir had a total unrestricted beneficial interest of 76,000 shares, while Garat had one totalling 125,688 shares, as well as a total other interest held in 1,812,299 shares.

Stamp's total unrestricted beneficial interest now stood at 54,464 shares and his other interest was 781,868 shares, while Callander's unrestricted interest was 87,653 shares and his other interest came to 505,352 shares.

At 1343 BST, shares in British Land Company were up 2.4% at 354p, while those in National Express Group were ahead 4.46% at 111.56p.

Reporting by Josh White for Sharecast.com.

DIRECTOR SELLS

Company: London Stock Exchange Group Name: York Holdings II Volume: 9,939 Price: 8,498.3p Value: £844,646.04

Company: British Land Company Name: Bhavesh Mistry Volume: 30,851 Price: 342.54p Value: £105,677.02

DIRECTOR BUYS

Company: Prudential Name: Anil Wadhwani Volume: 438,098 Price: HKD 112.13 Value: HKD 49,123,928.74

Company: National Express Group Name: Helen Weir Volume: 45,000 Price: 106.8p Value: £48,060.00

Company: National Express Group Name: Simon Callander Volume: 37,653 Price: 105.7p Value: £39,799.22

Company: National Express Group Name: James Stamp Volume: 37,241 Price: 106.8p Value: £39,773.39

Company: National Express Group Name: Ignacio Garat Volume: 18,454 Price: 108.2p Value: £19,967.23

Company: Segro Name: David Sleath Volume: 3,099 Price: 580.8p Value: £17,998.99

Company: Segro Name: Soumen Das Volume: 3,099 Price: 580.8p Value: £17,998.99

Company: Segro Name: Margaret Murphy Volume: Price: 580.8p Value: £17,998.99

Company: Segro Name: David Sleath Volume: 2,919 Price: 616.48p Value: £17,995.05

Company: Segro Name: Soumen Das Volume: 2,919 Price: 616.48p Value: £17,995.05

Company: London Stock Exchange Group Name: David Schwimmer Volume: 321 Price: 5,600p Value: £17,976.00

Company: London Stock Exchange Group Name: David Shalders Volume: 321 Price: 5,600p Value: £17,976.00

Company: Segro Name: Andy Gulliford Volume: 1,459 Price: 616.48p Value: £8,994.44